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SBV Payment Surge: Cashless Transactions Hit 25x GDP in 2024

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At the seminar titled "Cashless Payments: Towards Convenience, Safety, and Comprehensive Connectivity" held on the morning of October 7th, Mr. Phạm Anh Tuấn, Director of the Payment Department at the State Bank of Vietnam (SBV), revealed that in just the first 8 months of 2025, key indicators for digital payments and transactions have shown robust growth. Interbank payment transactions surged by 19% in volume and 69.1% in value. Notably, cashless payments have reached a scale 25 times the GDP of 2024.

Prime Hanoi, Ho Chi Minh City Condos Surpass $4,300/sqm, Projects Sell Out on Launch...

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Numerous projects in Hanoi and Ho Chi Minh City have reported "sold-out" status on the day of their launch, indicating genuine market demand and a consistent flow of investment capital.

Prime Minister Requests Hanoi, Ho Chi Minh City, Da Nang, Khanh Hoa, and Tay...

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The Prime Minister has mandated that relevant ministries, along with five key provinces—Hanoi, Ho Chi Minh City, Da Nang, Khanh Hoa, and Tay Ninh—conduct a thorough review of stalled and prolonged projects. All identified initiatives must be finalized and completed by October 15.